VOL. 127 | NO. 13 | Friday, January 20, 2012
A little more than three years removed from the worst of the credit crisis and with a new chairman of the board in place, the parent company of the largest Tennessee-based bank posted solid fourth-quarter and full-year 2011 numbers Friday, Jan. 20.
Lifelink puts musically rich church on market
The Memphis church where a young Johnny Cash hit the stage for his first performance is looking for a savior.
Pinnacle Airlines Corp. CEO Sean Menke told employees Friday, Jan. 20, that problems at the Memphis-based regional air carrier are worse than he originally thought.
Southwest Airlines is coming to Memphis International Airport.
If Bartlett moves forward with its own municipal school district, the city’s school board would have to immediately begin making plans for a new high school.
Feasibility studies for the creation of a municipal school district have been released for five of six suburban municipalities – Arlington, Bartlett, Collierville, Germantown and Lakeland. The report for Millington has not yet been released.
All five reports are by Southern Educational Strategies LLC of Memphis. And all five rely on the same legal opinion for the formation of the municipal school districts. That opinion puts a lot of weight on court rulings involving annexations by city governments in which cities got school buildings and other public facilities at no cost..
Bluff City Coffee, the coffee and snack shop in Downtown’s South Main Historic Arts District, has recently unveiled some aggressive expansion plans.
For three months, a split among the six Republicans on the 13-member Shelby County Commission has been more evident than the split among the seven Democratic commissioners.
Littler Mendelson P.C., the largest labor and employment law firm in the nation representing management, has opened an office in Memphis.
Mid-South author, business coach and strategy expert Michael Synk is kicking off 2012 with a renewed emphasis on helping business owners and leaders achieve consistent and sustainable growth.
As part of Mid-South business coach and strategy expert Michael Synk’s 2012 agenda for The Business Growth Series, In-Synk is offering a new all-day workshop Thursday, Jan. 26, at the Crescent Club, 6075 Poplar Ave., from 8 a.m. to 4 p.m.
Memphis International Airport saw about 1.3 million fewer passengers in a challenging 2011, but about the same amount of cargo for the calendar year.
Although the total number of bankruptcies filed in Shelby County has slowly declined over the last three years, attorney Joseph Townsend with Fullen & Townsend Attorneys said fewer filings aren’t necessarily a sign that the economy is on the upswing.
The fourth quarter of 2011 (October to December) showed an overall increase in individuals filing for bankruptcy in West Tennessee, according to The Daily News Online, www.memphisdailynews.com.
MEMPHIS STANDOUT
Editor’s Note: This is a Daily News series featuring past winners of the Bobby Dunavant Public Service Awards, which annually honor one elected and one non-elected government official. The 2012 awards will be presented Feb. 22.
SPORTS
The coaching clock ticks ever faster, often with little or no regard for extenuating circumstances. Used to be, college football coaches could just about count on five years to build a program up, to prove what they could do with a team full of players that they had recruited and taught.
He’s not Derrick Rose and he’s not Chris Paul. But you know what? That’s not the right comparison for Grizzlies point guard Mike Conley and it never was.
CLEVELAND (AP) – Chicago Bulls star guard Derrick Rose may miss his third straight game with a toe injury.
LOCAL COLUMNISTS
BUILDING NEW BOXES. “Listen here, college boy. Bend your knees when you pick that up, or you won’t make a week.”
How do you ask for money? More specifically, how do you ask people to give to a nonprofit organization or institution you believe in?
STATEWIDE
NASHVILLE (AP) – Tennessee's unemployment rate fell 0.4 percent in December to 8.7 percent, the lowest in three years.
NASHVILLE (AP) – Dolly Parton plans a water-snow park in Nashville, described as the first of its kind in the country.
STATE GOVERNMENT
NASHVILLE (AP) – The Senate has voted to restore Tipton County to the upper chamber's redistricting plan.
NATIONAL BUSINESS
WASHINGTON (AP) – The number of people seeking unemployment benefits plummeted last week to 352,000, the fewest since April 2008. The decline added to evidence that the job market is strengthening.
WASHINGTON (AP) – The economy is off to a fast start in 2012.
WASHINGTON (AP) – Consumer prices were unchanged last month, the latest sign that inflation remains tame. Lower gas prices offset rising costs for food, medical care and housing.
NATIONAL GOVERNMENT
BIRMINGHAM, Ala. (AP) – The Obama administration's new consumer protection agency is holding its first hearing in Alabama on payday lending, an industry that brings in some $7 billion a year in fees nationwide with relatively little federal oversight.
REAL ESTATE
WASHINGTON (AP) – The average rate on the 30-year fixed mortgage fell again this week to a record low. The eighth record low in a year is attracting few takers because most who can afford to buy or refinance have already done so.
WASHINGTON (AP) – Builders ended 2011 with a third straight year of dismal home construction and the worst on record for single-family home building. But improvement at the end of the year lifted hopes for an eventual recovery.